Everyone knows that printing money is an illegal act.
Penal Code 489A states
Whoever forges or counterfeits, or knowingly performs any part of the process of forging or counterfeiting, any currency note or bank note shall be punished with imprisonment for a term which may extend to 20 years, and shall also be liable to fine.
And Penal Code 489B states
Whoever sells to, or buys or receives from, any other person, or otherwise traffics in or uses as genuine, any forged or counterfeit currency note or bank note, knowing or having reason to believe the same to be forged or counterfeit, shall be punished with imprisonment for a term which may extend to 20 years, and shall also be liable to fine.
With a possible 40 years in total for the printing and using of counterfeit money, it seems likely to deter all Singaporeans to not commit such a crime.
However, a 21-year-old Singaporean decided to try his luck and was unfortunately caught. He was found to have been using counterfeit S$50 on two separate occasions, once at a convenience store in Chua Chu Kang.
The man was arrested by the police and they seized a printer, a laptop and several pieces of suspected counterfeit S$50 and S$100 notes.